Macau and Melco Resorts have announced a MOP12m restoration project.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Macau government and\u00a0Melco Resorts & Entertainment\u00a0<\/strong>have announced a project to restore the Inner Harbour’s Piers 23 to 25 and the surrounding Mount Fortress area.\u00a0The revitalisation plan has a budget of MOP12m (US$1.5m) and aims to preserve the zone’s historical architectural integrity.<\/p>\n\n\n\n Director of the Cultural Affairs Bureau (IC) Leong Wai Man<\/strong> said work will adhere to government guidelines. The construction is expected to conclude by the third quarter of next year. The government says the project will aim to include a diverse blend of cultural, artistic, culinary, boutique, recreational and nautical elements. This will include fairs, souvenir shops, a tourist information centre, bookstores, a seaside open-air tea house and caf\u00e9 and a rooftop terrace. <\/p>\n\n\n\n This initiative is part of six ongoing partnerships between the government and gaming operators to revitalise older districts. The others are Barra, Rua da Felicidade, Almeida Ribeiro to Rua de Cinco de Outubro, Iec Long Firecracker Factory site and Lai Chi Vun Shipyards.<\/p>\n\n\n\n The renovation of Rua da Felicidade and its neighbouring alleys, set to launch during the Mid-Autumn Festival, will pedestrianise these streets between 11.00am and 1.00am.\u00a0This project also seeks to breathe new life into San Ma Lo, the area surrounding Avenida de Almeida Ribeiro, which is home to traditional restaurants.<\/p>\n\n\n\n MGM China Holdings is supporting the transformation of the Barra district<\/a>\u00a0aiming to create a vibrant recreational and cultural hub, with a focus on preserving and restoring historic buildings.\u00a0The initiatives align with the government\u2019s commitment to more diverse tourism. Under new gaming concessions, the six Macau casino operators have collectively pledged\u00a0to invest a minimum of MOP108.7bn (US$13.48bn) in non-gaming initiatives<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau and Melco Resorts have announced a MOP12m restoration project.<\/p>\n","protected":false},"author":176,"featured_media":25856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Macau government and Melco Resorts & Entertainment have announced a MOP12m (US$1.5m) project to restore the Inner Harbour\u2019s Piers 23-25 and Mount Fortress area, part of a broader initiative involving gaming operators to revitalize older districts. This aligns with the MOP108.7bn (US$13.48bn) collective non-gaming investment pledged by Macau's six casino operators under new concessions, aiming for tourism diversification.","focusai_entities":"Macau government, Melco Resorts & Entertainment, Cultural Affairs Bureau (IC), Leong Wai Man, MGM China Holdings","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Melco ROI Projections","query":"What are the projected non-gaming revenue contributions and ROI timelines for Melco Resorts' MOP12m Inner Harbour revitalization, and how does this integrate into its broader concession-mandated investment strategy?"},{"label":"Diversification Impact Metrics","query":"Beyond foot traffic, what specific KPIs will the Macau government utilize to assess the efficacy of the MOP108.7bn collective non-gaming investments in achieving sustainable tourism diversification and economic resilience?"}],"footnotes":""},"categories":[157,16338],"tags":[23970],"class_list":["post-777009527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777009527"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009527\/revisions"}],"predecessor-version":[{"id":777041271,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009527\/revisions\/777041271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}